Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years but have admitted that higher component costs and limited take-up in initial years will hit margins.

Traffic congestion and the high rate of accidents between Ashram and AIIMS could finally ease as the Public Works Department looks at increasing the road width to accommodate vehicles while allowing safe passage for pedestrians and cyclists.

The deadline, which sources said was due to expire later on Wednesday, will be extended by eight working days, Thyssenkrupp said. This will move the overall deadline for a decision to May 13 from April 29, the Commission said on its website.

May asked the European Union to allow Britain to extend Brexit to June 30 and EU leaders are expected to discuss the matter at a summit on Thursday. The decision must be taken unanimously by all remaining 27 EU members.

A spokesman for Ghosn said the former Nissan chairman did not intervene on behalf of Hover, that Hover met key criteria to launch the distribution business, and all partnership decisions were made by Nissan's executive committee.

Brokers said foreign fund inflows in the debt and equity markets helped the rupee recover. However, the dollar's strength overseas capped the gain, they added. At the Interbank Foreign Exchange (forex), the domestic currency opened lower at 69.11 a dollar and gained to touch the day's high of 68.72. It finally settled at 68.83 per dollar, up 13 paise over its previous close.

Dheeraj Hinduja, chairman at India’s second largest truck maker Ashok Leyland, prefers a low profile, but with managing director Vinod Dasari leaving at the end of the month, he says he’s become more “hands-on”.